| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 6,120 | 3,060 | 3,060 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 5471 | FORM 5471 HAS HISTORICALLY BEEN FILED TO REPORT THE FOUNDATION'S (TAXPAYER) OWNERSHIP IN NANOGHOST LTD. AS REPORTED IN YEARS 2021 AND PRIOR, FORM 5471, PAGE 1, LINE B IS MARKED AS A CATEGORY 3 FILER. IN 2022, THE TAXPAYER'S OWNERSHIP DROPPED FROM 14.65% TO 9.35%, DUE TO EXPANSION OF THE INVESTOR POOL (NOT DUE TO A TRANSFER OR SALE). IT WAS NOTED THAT FOR THE TAX YEAR 2022, THE TAXPAYER WAS NO LONGER A CATEGORY 3 FILER, NOR DID THE TAXPAYER QUALIFY AS ANY OTHER CATEGORY FILER, BECAUSE IT DID NOT MEET THE 10% OWNERSHIP RULE, NOR WAS THE TAXPAYER A DIRECTOR OR OFFICER. A FORM 5471 WAS FILED FOR 2022 FOR TRANSPARENCY PURPOSES ONLY, TO REFLECT THE DROP IN OWNERSHIP TO A LEVEL BELOW THE 10% THRESHOLD. A FORM 5471 IS NOT INCLUDED WITH THE 2024 FORM 990-PF, AS ONE IS NOT REQUIRED TO BE FILED. HOWEVER, FOR FULL TRANSPARENCY, THIS FOOTNOTE IS INCLUDED TO DISCLOSE THE OWNERSHIP IN NANOGHOST LTD, A FOREIGN CORPORATION. |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VANGUARD 500 INDEX FUND | AT COST | 1,295,499 | 2,929,040 |
| VANGUARD TOTAL STOCK MKT INDEX FUND | AT COST | 563,574 | 1,760,905 |
| VANGUARD MID-CAP INDEX FUND | AT COST | 105,686 | 368,447 |
| DIVIDENDS APPRECIATION ETF | AT COST | 231,465 | 430,330 |
| CONSERVEST INVESTMENT | AT COST | 1,158,688 | 1,750,700 |
| MILL CREEK INVESTMENT | AT COST | 1,245,182 | 2,012,181 |
| T ROWE PRICE | AT COST | 397,181 | 559,111 |
| NANOGHOST LTD. | AT COST | 1,000,000 | 1,000,000 |
| SECTOR TECHNOLOGY | AT COST | 734,370 | 827,647 |
| SAFE | AT COST | 100,000 | 100,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 15,240 | 0 | 15,240 |
| Description | Amount |
|---|---|
| BOOK / TAX DIFFERENCE - INVESTMENT ACTIVITY | 1,231,100 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 1,461 | 0 | 0 | |
| EVENT SPONSORSHIPS | 20,082 | 0 | 20,082 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVISOR FEES | 18,385 | 18,385 | 0 |
| Name | Address |
|---|---|
| EDWARD M SATELL |
660 AMERICAN AVENUE STE 102 KING OF PRUSSIA,PA19406 |
| THE SATELL INSTITUTE |
660 AMERICAN AVENUE STE 102 KING OF PRUSSIA,PA19406 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX WITHHELD | 1,247 | 1,247 | 0 | |
| EXCISE TAXES | 4,500 | 0 | 0 | |
| PAYROLL TAXES | 5,150 | 0 | 5,150 |